According to CoinMeta, based on early monitoring by in, the head of grayscale research, Zach Pandl, stated that the 90-day correlation between Bitcoin and the NASDAQ 100 index has dropped from 60% to 33%, while the correlation with gold has risen to over 50%. The U.S. federal debt has exceeded $40 trillion, and the increase in fiscal deficits and U.S. bond yields has drawn market attention to hedging assets. With the maximum supply of Bitcoin fixed at 21 million coins, Bitcoin, as a scarce asset beyond gold, is entering a more favorable market phase in an environment where the purchasing power of fiat currencies is being assessed.